Liberty Energy Inc. logo LBRT - Liberty Energy Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $34.00 DETAILS
HIGH: $40.00
LOW: $26.00
MEDIAN: $36.00
CONSENSUS: $34.00
UPSIDE: 6.78%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4
Revenue
Revenue 1,021.2 1,038.7 947.4 1,042.5 977.5 943.6 1,138.6 1,159.9 1,073.1 1,075.0 1,215.9 1,195.0 1,262.1 1,225.6 1,188.2 942.6 792.8 683.7 653.7 581.3 552.0 257.6 147.5 88.4 472.3 398.0 515.1 542.1 535.1 473.1 558.8 628.1 495.2 448.9 441.9 346.7 252.4 155.7 101.8 59.1 58.2 101.4
Cost of Revenue 957.9 824.6 892.7 941.5 889.4 873.9 966.7 959.1 905.9 895.7 959.2 933.2 982.8 979.1 957.3 791.1 744.6 707.0 659.5 585.2 561.0 282.3 183.7 134.4 437.5 388.7 463.3 466.8 467.7 411.8 451.2 486.1 404.8 365.0 352.6 285.1 225.8 147.8 105.2 69.5 73.7 97.5
Gross Profit 63.3 214.1 54.7 101.0 88.1 69.7 171.9 200.8 167.3 179.3 256.7 261.8 279.3 246.5 230.9 151.5 48.2 (23.3) (5.8) (3.9) (9.0) (24.8) (36.2) (46.1) 34.8 9.2 51.7 75.3 67.5 61.3 107.6 142.0 90.3 83.9 89.3 61.6 26.6 7.9 (3.4) (10.3) (15.5) 3.9
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 59.5 65.0 58.3 58.3 65.8 56.2 58.6 57.7 53.0 55.3 55.0 58.0 51.0 32.1 50.5 42.2 38.3 32.6 32.3 29.4 26.4 20.1 17.3 18.1 28.6 24.4 24.0 23.6 21.0 25.4 22.5 27.3 21.7 20.7 22.2 20.0 17.1 13.4 12.7 5.0 4.7 12.8
Other Expenses 0 129.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.1) 9.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0
Operating Expenses 59.5 194.2 58.3 58.3 65.8 56.2 58.6 57.7 53.0 55.3 55.0 58.0 51.0 32.1 50.5 42.2 38.3 32.6 32.3 29.4 26.4 20.1 15.2 27.1 28.6 24.4 24.0 23.6 21.0 25.4 22.5 27.3 21.7 20.7 22.2 20.0 17.1 13.4 12.7 5.0 4.7 12.8
Operating Income
Operating Income 3.8 19.9 (3.6) 42.7 22.3 13.5 113.3 143.1 114.3 124.0 201.6 203.8 228.3 214.5 180.5 109.4 9.8 (55.9) (38.1) (33.3) (35.3) (44.9) (51.5) (73.2) 6.2 (15.2) 27.7 51.7 46.5 35.9 85.1 114.7 68.6 63.2 67.0 41.6 9.5 (5.5) (16.2) (15.3) (20.2) (8.9)
Interest Expense 7.7 9.7 10.9 10.2 9.5 8.5 8.6 8.1 7.5 7.1 7.3 6.8 8.3 6.8 6.8 4.9 4.3 4.1 4.0 3.8 3.8 3.6 3.6 3.7 4.1 3.2 3.7 3.6 4.2 3.5 3.6 3.5 6.5 5.3 3.3 2.5 1.5 1.6 1.4 1.5 1.7 1.3
Interest Income 0 0 0 0 0 0 0 0 0.5 0.7 0.5 0.3 0.4 0 0 0 0 0 0 0 0 0 0.0 0.1 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 117.8 147.0 188.9 234.7 165.2 198.6 230.9 272.3 239.1 244.7 314.8 306.5 319.9 243.7 239.5 187.8 74.3 19.0 31.2 30.5 19.8 (8.5) (10.9) (28.5) 51.6 27.0 69.5 92.6 82.7 75.7 114.5 144.8 96.6 88.7 91.2 59.1 23.7 8.3 (5.3) (5.5) (10.6) 0.7
EBIT 3.8 26.8 65.9 105.3 37.5 66.5 104.6 149.0 115.9 126.3 205.8 206.8 225.5 155.5 156.6 110.4 (0.3) (52.6) (34.6) (32.7) (42.2) (54.4) (55.4) (73.5) 6.7 (17.3) 27.2 52.2 44.3 41.5 82.2 114.2 68.6 63.0 67.0 41.5 9.6 (2.8) (16.1) (15.3) (20.2) (8.9)
Income Before Tax 31.9 17.1 55.0 95.2 27.9 58.0 96.0 141.0 108.4 119.2 198.5 200.0 217.2 148.8 149.8 105.6 (4.7) (56.7) (38.6) (36.5) (46.0) (58.0) (59.0) (77.2) 2.7 (21.5) 22.8 47.6 40.0 38.1 78.6 110.7 62.1 57.7 63.7 39.0 8.1 (4.4) (17.5) (16.8) (21.8) (10.3)
Income Tax Expense 9.3 3.4 12.0 24.1 7.8 6.1 22.2 32.5 26.5 26.8 49.8 47.3 54.5 (4.4) 2.6 0.2 0.8 (0.2) 0.8 16.0 (7.4) (9.8) (10.0) (11.4) 0.3 (3.1) 4.0 7.1 6.1 4.1 12.2 15.9 8.1 0 0 0 0 0 0 0 0 0
Net Income 22.6 13.7 43.1 71.0 20.1 51.9 73.8 108.4 81.9 92.4 148.6 152.7 162.7 152.9 147.0 105.2 (5.4) (55.6) (38.9) (50.6) (34.2) (37.0) (34.5) (45.8) 1.7 (12.1) 11.0 22.0 18.1 19.0 34.1 49.6 23.7 57.7 0 0 0 (4.4) (17.5) (16.8) (21.8) (10.3)
Per Share Data
EPS (Basic) 0.14 0.08 0.27 0.44 0.12 0.32 0.45 0.65 0.49 0.55 0.88 0.88 0.92 0.84 0.79 0.56 -0.03 -0.31 -0.22 -0.29 -0.21 -0.41 -0.41 -0.55 0.02 -0.15 0.15 0.32 0.27 0.28 0.50 0.72 0.34 1.03 0.94 0.70 0.09 -0.08 -0.31 -0.25 -0.32 -0.15
EPS (Diluted) 0.14 0.08 0.26 0.43 0.12 0.31 0.44 0.64 0.48 0.54 0.85 0.87 0.90 0.82 0.77 0.55 -0.03 -0.31 -0.22 -0.29 -0.21 -0.41 -0.41 -0.55 0.02 -0.15 0.15 0.32 0.26 0.27 0.49 0.71 0.34 1.03 0.54 0.70 0.09 -0.08 -0.31 -0.25 -0.18 -0.15
Shares Outstanding 162.0 162.0 162.0 161.9 161.9 162.9 164.7 166.2 166.3 168.0 169.8 173.1 176.6 181.1 185.5 186.7 179.2 181.0 176.8 172.5 162.9 89.6 84.2 83.2 81.7 79.2 74.2 68.4 67.4 68.9 68.5 69.0 70.0 69.0 67.8 56.1 56.1 56.1 56.1 67.8 67.8 67.8
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3
Current Assets
Cash & Cash Equivalents 699.1 27.6 13.5 19.6 24.1 20.0 23.0 30.0 23.8 36.8 26.6 31.7 20.9 43.7 24.0 41.5 32.9 20.0 34.7 30.7 69.5 69.0 84.8 124.5 56.5 112.7 140.0 32.5 58.7 103.3 87.1 83.3 98.1 16.3 21.1 0.6 12.8 11.5 1.8
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 729.4 605.4 573.8 607.3 544.3 539.9 594.1 675.6 649.2 587.5 728.4 719.2 732.7 586.0 691.2 564.0 514.6 407.5 434.5 455.2 336.5 338.7 144.4 68.5 335.6 252.9 246.3 346.4 321.2 248.0 325.8 343.9 293.5 258.8 267.8 236.3 125.2 128.6 84.0
Inventory 185.3 188.1 184.4 201.3 202.9 203.5 197.6 206.4 210.1 205.9 211.7 201.1 196.7 214.5 185.6 163.7 139.7 134.6 116.8 120.0 129.3 118.6 77.0 81.2 87.6 88.5 87.0 86.8 74.3 60.0 55.8 62.4 60.1 55.5 41.8 38.8 32.1 28.1 27.7
Other Current Assets 66.6 56.9 122.7 93.2 87.3 85.2 107.9 90.2 95.0 124.1 100.8 122.0 120.0 112.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 1,680.5 878.0 894.4 921.4 858.5 848.5 922.5 1,002.3 978.0 954.3 1,067.6 1,073.9 1,070.2 956.7 996.1 840.9 761.6 630.4 671.6 668.7 583.2 567.1 337.6 299.7 518.0 489.0 496.3 486.0 479.1 461.2 502.1 518.8 478.5 352.0 354.0 292.6 184.3 174.1 116.5
Non-Current Assets
Property, Plant & Equipment 2,525.6 2,461.6 2,324.2 2,305.7 2,296.6 2,247.4 2,192.0 2,077.2 1,978.7 1,920.3 1,846.9 1,696.1 1,565.3 1,501.4 1,430.2 1,401.0 1,345.9 1,327.4 1,221.7 1,231.3 1,212.1 1,235.6 691.9 720.7 748.5 760.1 753.9 768.2 761.2 627.1 583.9 561.0 549.3 494.8 461.0 444.2 399.5 277.4 252.2
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 12.6 0 12.6 12.6 0 0 0 0 0 0 0 0 0 0 0 0 7.1 0 0 0 54 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 87.0 70.8 148.8 86.0 69.4 81.0 34.8 37.5 0 31.6 0 0 0 0 0 0 0 (7.1) 0 0 0 (54) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 150.4 135.3 135.9 115.3 118.8 119.4 123.6 124.4 140.9 127.3 153.3 133.3 103.9 105.3 98.7 92.9 82.8 82.3 72.9 75.1 77.9 81.9 29.2 30.7 32.0 34.3 45.0 49.2 28.5 28.2 15.0 11.8 11.1 5.3 6.1 2.4 0.2 0.4 0.2
Total Non-Current Assets 2,763.0 2,680.3 2,609.0 2,519.7 2,497.3 2,447.9 2,350.4 2,239.0 2,119.6 2,079.3 2,021.5 1,850.6 1,690.4 1,619.3 1,529.1 1,494.2 1,429.3 1,410.3 1,294.5 1,306.4 1,333.6 1,322.8 721.1 751.4 780.6 794.5 798.9 817.4 789.7 655.3 599.0 572.8 560.4 500.1 467.1 446.6 399.7 277.8 252.4
Total Assets 4,443.5 3,558.3 3,503.4 3,441.0 3,355.8 3,296.4 3,272.9 3,241.4 3,097.6 3,033.6 3,089.1 2,924.5 2,760.6 2,575.9 2,525.2 2,335.1 2,190.9 2,040.7 1,966.1 1,975.1 1,916.8 1,889.9 1,058.7 1,051.1 1,298.6 1,283.4 1,295.2 1,303.4 1,268.9 1,116.5 1,101.0 1,091.6 1,038.9 852.1 821.1 739.2 584.1 451.8 368.9
Current Liabilities
Account Payables 642.2 598.7 559.7 404.5 369.1 314.1 347.1 348.3 316.0 293.7 358.6 368.7 412.5 326.8 378.5 311.4 333.6 288.8 229.0 182.9 184.8 193.3 70.0 27.4 108.1 117.6 91.0 108.1 122.7 80.5 95.6 93.3 139.1 66.8 92.5 91.4 90.5 42.9 27.4
Short-Term Debt 117.7 121.7 117.5 109.1 103.3 95.2 93.1 85.1 74.0 67.4 55.6 38.5 37.2 39.7 38.9 39.5 40.8 40.8 49.2 51.6 42.6 44.4 42.0 36.7 42.4 39.9 37.4 35.1 27.5 0.4 0.8 0.4 0.4 0.0 0.0 14.5 13.7 12.8 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 16.8 19.3 3.4 3.9 1.0 1.6 1.7 4.6 0 0 0 0 0 0 0 0 0 0 0 0 0.8 3.8 6.8 9.2 10 0 0 0 0
Other Current Liabilities 0 0 0 150.7 142.9 170.7 183.2 182.0 191.0 165.9 177.3 170.8 169.6 192.1 210.8 198.8 192.9 174.6 182.3 198.9 135.1 90.1 40.4 28.8 100.6 78.8 94.1 104.5 97.3 116.1 80.2 85.9 81.3 119.4 92.5 104.5 99.6 72.2 0
Total Current Liabilities 759.8 720.4 677.2 793.4 716.6 666.5 748.6 743.9 662.4 639.4 793.8 744.2 754.8 649.5 704.9 622.1 623.2 569.2 509.1 491.1 393.5 356.1 166.0 101.0 283.3 266.5 254.0 270.7 274.4 219.7 204.8 205.7 250.2 220.5 222.3 223.2 215.0 131.8 80.4
Non-Current Liabilities
Long-Term Debt 1,271.3 496.6 253 160 210 190.5 123 147 166 140 223 288 210 217.4 252.7 252.9 211.2 121.4 121.1 105.2 105.3 105.4 105.5 105.6 105.6 105.7 105.8 106.4 106.0 106.1 106.3 106.8 106.9 196.3 221.1 139.4 92.2 91.1 95.0
Deferred Tax Liabilities 162.9 195.6 180.9 137.7 137.7 137.7 102.3 102.3 102.3 102.3 1.0 1.1 1.0 1.0 0.6 0.6 0.6 0.6 0.8 0.8 0 0 2.7 14.9 28.9 79.6 19.6 33.9 27.0 33.0 44.0 37.2 28.8 0 0 0 0 0 0
Other Non-Current Liabilities 66.9 (188.2) 67.2 67.2 67.2 74.9 75.0 75.0 75.0 112.5 114.8 114.8 114.8 118.9 70.8 41.9 41.7 37.6 48.3 53.3 84.7 56.6 47.5 45.7 42.6 48.5 40.3 20.1 20.1 16.8 2.3 2.3 2.3 0 0 0 0 0 0
Total Non-Current Liabilities 1,735.3 759.1 756.5 612.7 665.2 651.0 555.3 560.6 550.8 552.7 506.8 506.3 415.7 429.1 412.9 383.0 334.0 241.0 265.2 254.5 245.5 223.8 216.4 230.2 233.8 295.4 237.8 240.2 239.0 156.0 152.6 146.4 138.0 196.3 221.1 139.4 92.2 91.1 0
Total Liabilities 2,495.1 1,479.4 1,433.7 1,406.1 1,381.7 1,317.5 1,303.9 1,304.5 1,213.1 1,192.1 1,300.6 1,250.6 1,170.5 1,078.6 1,117.7 1,005.1 957.2 810.2 774.2 745.7 639.0 579.9 382.5 331.2 517.1 561.9 491.8 510.9 513.4 375.7 357.4 352.1 388.0 416.9 443.4 362.6 307.2 222.9 0
Stockholders' Equity
Common Stock 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.8 1.8 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 392.8 335.9 274.6 236.7 229.0 193.5
Retained Earnings 1,120.1 1,112.7 1,114.0 1,084.2 1,026.5 1,019.5 980.9 918.8 822.3 752.3 671.9 532.0 388.1 234.5 90.8 (56.2) (161.3) (156.0) (100.4) (61.5) (10.9) 23.3 60.3 94.8 140.6 143.1 159.4 152.3 133.9 119.3 103.8 73.3 23.7 0 0 0 0 0 0
Accumulated Other Comprehensive Income (15.7) (13.9) (16.0) (13.7) (19.7) (19.8) (9.9) (11.5) (9.8) (6.1) (9.0) (5.9) (7.9) (7.4) (8.6) (2.3) 0.7 (0.3) 0.2 2.5 1.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 1,948.4 2,078.9 2,069.7 2,035.0 1,974.1 1,978.9 1,969.0 1,936.9 1,884.5 1,841.4 1,788.6 1,673.9 1,590.1 1,495.0 1,404.7 1,327.6 1,231.3 1,213.2 1,179.7 1,216.8 1,204.6 1,150.6 507.6 531.8 555.4 554.8 529.1 471.5 450.0 433.1 416.7 423.9 372.8 435.3 377.7 376.6 276.9 229.0 193.5
Total Liabilities & Equity 4,443.5 3,558.3 3,503.4 3,441.0 3,355.8 3,296.4 3,272.9 3,241.4 3,097.6 3,033.6 3,089.1 2,924.5 2,760.6 2,575.9 2,525.2 2,335.1 2,190.9 2,040.7 1,966.1 1,975.1 1,916.8 1,889.9 1,058.7 1,051.1 1,298.6 1,343.4 1,295.2 1,303.4 1,268.9 1,116.5 1,101.0 1,091.6 1,038.9 852.1 821.1 739.2 584.1 451.8 368.9
Debt Metrics
Total Debt 1,623.2 873.4 626.0 516.9 563.5 533.6 471.1 468.3 447.4 405.3 446.5 429.0 337.0 348.9 380.4 380.1 332.6 243.6 265.3 252.1 203.4 211.6 208.2 206.4 204.7 207.2 215.3 221.3 219.4 106.5 107.1 107.2 107.3 196.4 221.2 154.0 105.9 103.9 107.2
Net Debt 924.0 845.8 612.5 497.3 539.4 513.6 448.1 438.3 423.6 368.5 419.9 397.3 316.1 305.2 356.4 338.6 299.6 223.6 230.6 221.4 133.8 142.6 123.4 81.9 148.2 94.5 75.3 188.8 160.7 3.2 20.0 23.9 9.2 180.0 200.0 153.4 93.1 92.4 105.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 22.6 13.7 43.1 71.0 20.1 51.9 73.8 108.4 81.9 92.4 148.6 152.7 162.7 152.9 147.0 105.2 (5.4) (55.6) (38.9) (50.6) (34.2) (37.0) (34.5) (45.8) 1.7 (12.1) 11.0 22.0 18.1 19.0 34.1 49.6 23.7 57.7 63.7 0 8.1 (4.4) (17.5) (16.8) (21.8)
Depreciation & Amortization 114.1 120.2 123.0 129.4 127.7 132.2 126.4 123.3 123.2 118.4 109.6 100.4 95.3 88.9 82.8 78.4 75.6 72.6 67.3 63.6 63.0 46.8 45.2 46.4 45.3 44.4 42.3 40.4 38.4 34.2 32.3 30.6 28.0 25.6 24.2 17.5 14.1 11.2 10.9 9.8 9.6
Stock-Based Compensation 8.0 8.4 7.3 8.1 18.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (112.7) 36.4 (95.8) 21.9 39.8 1.1 26.6 13.9 (52.4) (47.6) 13.1 (17.6) (62.9) (39.9) (104.7) (64.4) (71.6) 44.0 16.9 (22.5) 8.0 15.3 (17.0) 119.5 (55.3) (29.9) 78.4 (46.9) (28.5) 57.0 5.8 (60.9) (53.7) (4.1) (19.7) (95.7) 62.0 (26.7) (4.8) 3.2 8.8
Other Non-Cash Items (32.8) (38.0) (26.1) (59.8) (13.6) (41.7) 17.7 2.6 6.7 11.3 4.1 4.9 8.9 48.7 31.9 1.6 15.9 (4.7) (0.7) 1.7 0.4 (5.5) (10.2) (12.5) 8.5 (0.5) 13.4 25.9 21.5 12.5 35.2 50.8 32.7 0.8 1.4 39.5 0.1 (2.6) 0.1 0.1 0.3
Operating Cash Flow 8.4 195.4 51.5 170.6 192.1 177.3 244.5 248.2 159.4 294.7 275.5 240.4 203.9 237.8 157.0 121.1 14.6 55.3 44.6 8.0 27.5 15.4 (26.6) 96.4 0.2 16.0 147.4 48.2 49.5 127.6 114.4 78.5 30.7 80.0 69.5 (38.7) 84.3 (22.5) (11.3) (3.7) (3.2)
Investing Activities
Capital Expenditure (157.0) (205.4) (118.7) (137.5) (133.9) (203.5) (166.6) (136.0) (145.0) (138.1) (172.9) (159.1) (133.1) (132.4) (102.2) (133.7) (91.0) (75.8) (55.1) (42.5) (25.4) (20.9) (12.3) (25.1) (45.4) (36.9) (27.8) (64.1) (66.3) (71.8) (46.2) (85.9) (55.0) (59.4) (47.2) (80.3) (124.9) (64.2) (16.0) (74.5) (1.5)
Acquisitions 0 2.5 0 0 (15.2) (20.9) 16.1 1.9 3.0 (20.3) (0.8) (67.5) 3.5 8.9 7.2 6.7 0.9 21.7 1.7 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 10 (10) 0 0 21.7 (6.0) (14.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 70.1 0 50.9 29.9 0 0 0 0 (10) 0 0 0 (8.9) (7.2) (6.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 19.7 0 5.6 3.5 13.1 36.3 (12.3) (16.1) 0 14.5 11.6 0 0 (6.1) 7.2 6.7 (0.8) (13.1) 0 0 1.6 1.9 1.0 0.1 0.3 0.3 0.2 0.2 0.1 0.2 0.1 2.8 0.3 0.7 0.8 0.0 0.3 59.8 (15.9) 0 0
Investing Cash Flow (137.3) (132.7) (113.0) (83.1) (106.2) (188.1) (162.8) (150.1) (142.0) (143.9) (172.1) (226.6) (129.7) (116.8) (101.1) (142.0) (90.9) (67.2) (53.4) (42.1) (23.8) (19.0) (11.3) (24.9) (45.1) (36.7) (27.6) (63.9) (66.2) (71.6) (46.1) (83.1) (54.7) (58.7) (46.4) (80.3) (124.6) (4.3) (15.9) (74.5) (1.5)
Financing Activities
Net Debt Issuance 1,046.4 (33.2) 73.1 (66.5) 1.9 51.6 (38.0) (30.2) 16.7 (89.9) (70.4) 75.1 (11.9) (37.6) (2.5) 40.1 88.1 (2.8) 13.5 (2.2) (2.8) (5.2) (2.3) (2.9) (2.9) (2.1) (4.6) (3.5) (3.7) (0.9) (0.4) (0.4) (91.1) (25.3) 71.1 48 1.9 (3.4) 9.2 (8.8) (3.6)
Stock Repurchased 0 0 0 (0.9) (24.0) (30.2) (39.4) (29.6) (30.2) (39.1) (29.3) (60.1) (74.6) (55.2) (70.1) (9.7) 0 0 0 0 0 (0.6) 0 (0.4) 0 0 0 (1.0) (18.4) (29.0) (53.9) 0 (25.9) 0 (62.7) 0 0 0 0 0 0
Dividends Paid (14.6) (14.6) (13.0) (13.8) (13.2) (13.0) (11.4) (12.2) (11.6) (11.7) (8.4) (8.8) (8.8) (9.0) 0 (0.1) 0 (0.2) 0.2 (0.2) 0 (0.2) 0 (0.2) (4.1) (4.2) (3.7) (3.5) (3.4) (3.5) (3.5) 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (231.2) (1.2) (4.7) (11.0) (46.6) (0.4) (0.0) (19.8) (5.2) (0.3) 0 (9.3) (1.8) 0.4 (0.5) (0.5) 0.6 (3.4) 3.4 (2.6) 0.3 (6.3) 0.5 (0.0) (4.3) (0.5) (3.9) (3.5) (2.4) (6.5) (6.8) (9.7) (7.4) (0.8) (10.9) 58.8 0 0 0 0.0 17.1
Financing Cash Flow 800.6 (49.0) 55.5 (92.2) (81.8) 8.1 (88.8) (91.8) (30.2) (141.0) (108.1) (3.1) (97.1) (101.4) (73.1) 29.8 89.0 (3.1) 13.3 (4.9) (3.3) (12.3) (1.8) (3.5) (11.3) (6.7) (12.2) (10.5) (27.9) (39.8) (64.6) (10.1) 105.8 (26.1) (2.6) 106.8 41.7 36.5 9.1 89.4 13.5
Cash Position
Net Change in Cash 671.6 14.1 (6.1) (4.5) 4.1 (3.0) (7.0) 6.3 (13.0) 10.2 (5.1) 10.8 (22.8) 19.6 (17.4) 8.6 12.9 (14.7) 4.0 (38.8) 0.6 (15.8) (39.7) 68.0 (56.2) (27.3) 107.5 (26.2) (44.6) 16.2 3.7 (14.7) 81.7 (4.8) 20.5 (12.2) 1.3 9.6 (18.2) 11.2 13.5
Cash at Beginning 27.6 13.5 19.6 24.1 20.0 23.0 30.0 23.8 36.8 26.6 31.7 20.9 43.7 24.0 41.5 32.9 20.0 34.7 30.7 69.5 69.0 84.8 124.5 56.5 112.7 140.0 32.5 58.7 103.3 87.1 83.3 98.1 16.3 21.1 0.6 12.8 11.5 1.8 20.0 8.8 (4.7)
Cash at End 699.1 27.6 13.5 19.6 24.1 20.0 23.0 30.0 23.8 36.8 26.6 31.7 20.9 43.7 24.0 41.5 32.9 20.0 34.7 30.7 69.5 69.0 84.8 124.5 56.5 112.7 140.0 32.5 58.7 103.3 87.1 83.3 98.1 16.3 21.1 0.6 12.8 11.5 1.8 20.0 8.8
Free Cash Flow (148.6) (10.0) (67.2) 33.1 58.2 (26.2) 77.9 112.2 14.4 156.7 102.5 81.3 70.8 105.4 54.8 (12.7) (76.4) (20.5) (10.6) (34.5) 2.2 (5.4) (38.9) 71.3 (45.2) (20.9) 119.5 (15.9) (16.8) 55.9 68.2 (7.4) (24.3) 20.6 22.3 (119.0) (40.6) (86.7) (27.4) (78.2) (4.7)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4
Income Statement
Revenue 1,021.2 1,038.7 947.4 1,042.5 977.5 943.6 1,138.6 1,159.9 1,073.1 1,075.0 1,215.9 1,195.0 1,262.1 1,225.6 1,188.2 942.6 792.8 683.7 653.7 581.3 552.0 257.6 147.5 88.4 472.3 398.0 515.1 542.1 535.1 473.1 558.8 628.1 495.2 448.9 441.9 346.7 252.4 155.7 101.8 59.1 58.2 101.4
Gross Profit 63.3 214.1 54.7 101.0 88.1 69.7 171.9 200.8 167.3 179.3 256.7 261.8 279.3 246.5 230.9 151.5 48.2 (23.3) (5.8) (3.9) (9.0) (24.8) (36.2) (46.1) 34.8 9.2 51.7 75.3 67.5 61.3 107.6 142.0 90.3 83.9 89.3 61.6 26.6 7.9 (3.4) (10.3) (15.5) 3.9
Operating Income 3.8 19.9 (3.6) 42.7 22.3 13.5 113.3 143.1 114.3 124.0 201.6 203.8 228.3 214.5 180.5 109.4 9.8 (55.9) (38.1) (33.3) (35.3) (44.9) (51.5) (73.2) 6.2 (15.2) 27.7 51.7 46.5 35.9 85.1 114.7 68.6 63.2 67.0 41.6 9.5 (5.5) (16.2) (15.3) (20.2) (8.9)
Net Income 22.6 13.7 43.1 71.0 20.1 51.9 73.8 108.4 81.9 92.4 148.6 152.7 162.7 152.9 147.0 105.2 (5.4) (55.6) (38.9) (50.6) (34.2) (37.0) (34.5) (45.8) 1.7 (12.1) 11.0 22.0 18.1 19.0 34.1 49.6 23.7 57.7 0 0 0 (4.4) (17.5) (16.8) (21.8) (10.3)
EPS (Diluted) 0.14 0.08 0.26 0.43 0.12 0.31 0.44 0.64 0.48 0.54 0.85 0.87 0.90 0.82 0.77 0.55 -0.03 -0.31 -0.22 -0.29 -0.21 -0.41 -0.41 -0.55 0.02 -0.15 0.15 0.32 0.26 0.27 0.49 0.71 0.34 1.03 0.54 0.70 0.09 -0.08 -0.31 -0.25 -0.18 -0.15
Balance Sheet
Cash & Equivalents 699.1 27.6 13.5 19.6 24.1 20.0 23.0 30.0 23.8 36.8 26.6 31.7 20.9 43.7 24.0 41.5 32.9 20.0 34.7 30.7 69.5 69.0 84.8 124.5 56.5 112.7 140.0 32.5 58.7 103.3 87.1 83.3 98.1 16.3 21.1 0.6 12.8 11.5 1.8
Total Assets 4,443.5 3,558.3 3,503.4 3,441.0 3,355.8 3,296.4 3,272.9 3,241.4 3,097.6 3,033.6 3,089.1 2,924.5 2,760.6 2,575.9 2,525.2 2,335.1 2,190.9 2,040.7 1,966.1 1,975.1 1,916.8 1,889.9 1,058.7 1,051.1 1,298.6 1,283.4 1,295.2 1,303.4 1,268.9 1,116.5 1,101.0 1,091.6 1,038.9 852.1 821.1 739.2 584.1 451.8 368.9
Total Debt 1,623.2 873.4 626.0 516.9 563.5 533.6 471.1 468.3 447.4 405.3 446.5 429.0 337.0 348.9 380.4 380.1 332.6 243.6 265.3 252.1 203.4 211.6 208.2 206.4 204.7 207.2 215.3 221.3 219.4 106.5 107.1 107.2 107.3 196.4 221.2 154.0 105.9 103.9 107.2
Stockholders' Equity 1,948.4 2,078.9 2,069.7 2,035.0 1,974.1 1,978.9 1,969.0 1,936.9 1,884.5 1,841.4 1,788.6 1,673.9 1,590.1 1,495.0 1,404.7 1,327.6 1,231.3 1,213.2 1,179.7 1,216.8 1,204.6 1,150.6 507.6 531.8 555.4 554.8 529.1 471.5 450.0 433.1 416.7 423.9 372.8 435.3 377.7 376.6 276.9 229.0 193.5
Cash Flow
Operating Cash Flow 8.4 195.4 51.5 170.6 192.1 177.3 244.5 248.2 159.4 294.7 275.5 240.4 203.9 237.8 157.0 121.1 14.6 55.3 44.6 8.0 27.5 15.4 (26.6) 96.4 0.2 16.0 147.4 48.2 49.5 127.6 114.4 78.5 30.7 80.0 69.5 (38.7) 84.3 (22.5) (11.3) (3.7) (3.2)
Capital Expenditure (157.0) (205.4) (118.7) (137.5) (133.9) (203.5) (166.6) (136.0) (145.0) (138.1) (172.9) (159.1) (133.1) (132.4) (102.2) (133.7) (91.0) (75.8) (55.1) (42.5) (25.4) (20.9) (12.3) (25.1) (45.4) (36.9) (27.8) (64.1) (66.3) (71.8) (46.2) (85.9) (55.0) (59.4) (47.2) (80.3) (124.9) (64.2) (16.0) (74.5) (1.5)
Free Cash Flow (148.6) (10.0) (67.2) 33.1 58.2 (26.2) 77.9 112.2 14.4 156.7 102.5 81.3 70.8 105.4 54.8 (12.7) (76.4) (20.5) (10.6) (34.5) 2.2 (5.4) (38.9) 71.3 (45.2) (20.9) 119.5 (15.9) (16.8) 55.9 68.2 (7.4) (24.3) 20.6 22.3 (119.0) (40.6) (86.7) (27.4) (78.2) (4.7)